NYSE:
Applied Biosystems (ABI)

Forecast
Direction: UP

NYSE:
Office Depot (ODP)

Forecast
Direction: UP

Catch
you next time. Until then, Good Trading!

Travis Mijat

www.stocksandoptionstrading.com

This
market is really tough for any analyst to call. Yesterday
seemed to provide us with another important clue about the
near term moves that we might expect, and I described the
"what" and the "why" of the one or two
bounces that I believe are likely, on the X support line.
Tonight I have added some features to render the piecewise
approximations of the curves a bit more clear. The scenario
for the next 5 weeks is defined by the arrows and the dots.
Also, I've reassigned some of the color coding.

Today's
low was a mere 24 points above the expected 12,627 pivot point,
which should occur nominally on next Monday, 2/26. I'm expecting
another pivot point on the blue X line (2) nominally on March
9 or March 12. The expected value of the low should be about
12,679. Notice that the notation is in gray, and there is
a gray arrow, indicating the POSSIBLE break downward through
the X support, and the beginning of a bull run toward the
Y line.

I at this time believe that it is more likely that we'll get
a final bounce at (2), and that our break through X support
(3), will occur nominally on March 23. In fact, there are
factors in my analysis which suggest the possibility of yet
another bounce at (3), delaying the apparent market collapse
until the beginning of April.

Charlie
Miller

2/23/2007
cemcemcem@aol.com